Our Lady of the Holy Spirit Center

Analysis

Our Lady of the Holy Spirit Center is a registered charity in United States, based in Norwood, OH. It received its IRS tax-exemption ruling in August 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Our Lady of the Holy Spirit Center reported income of $1.0m and spending of $791k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $644k to $1.0m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of the Holy Spirit Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Iliff Community Center Inc ($1.0m), Girls Incoporated of Bristol ($1.0m) and Afp Foundation for Philanthropy ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $75k (9.5% of expenses). Other salaries and wages came to $268k. At year end it held assets of $4.4m against liabilities of $11k, net assets of $4.3m. It reported 21 employees.